Posting Language
Title
Approve issuance of a five-year performance-based incentive to Starwood Capital Group LLC for the installation of solar electric systems on its facilities located at 8310 North Capital of Texas Highway Southbound 2, Austin, Texas 78759 and 5707 Southwest Parkway 1, Austin, Texas 78735, in an amount not to exceed $770,089.
De
Lead Department
Austin Energy
Fiscal Note
Funding in the amount of $154,018 is available in the Fiscal Year 2023-2024 Austin Energy Operating Budget. Funding for the remaining years of the agreement is contingent upon available funds in future budgets.
For More Information:
Amy Everhart, Director Local Government Issues (512) 322-6087; Tim Harvey, Customer Renewable Solutions Manager (512) 482-5386.
Council Committee, Boards and Commission Action:
November 13, 2023- Recommended by the Electric Utility Commission on a 7-0 vote with Commissioners Alvarez, Blackburn, and Seibert absent and one vacancy.
November 14, 2023 - Recommended by the Resource Management Commission on a 6-0 vote with Commissioners Bren, Davis, Johnson, and Stone absent and one vacancy.
Additional Backup Information:
Austin Energy requests approval to issue this Performance Based Incentive (PBI) to Starwood Capital Group LLC for the installation of solar electric systems, detailed in the tables below at their facility to produce renewable energy for on-site consumption. The table below provides a summary of the system size, cost, proposed incentive, and environmental benefits.
Aggregated Solar System Details*
Total System Size (kW-DC)
1,254
Total System Size (kW-AC)
1,041
Annual Estimated Production (kWh)
1,824,444
Total System Cost ($)
$2,097,747
Total Incentive ($)
$770,089
Percent of Cost Covered
37%
Environmental Benefits** and Emission Reduction Equivalencies***
Reduction of Carbon Dioxide (CO2) in tons
858
Reduction of Sulfur Dioxide (SO2) in pounds
12,777
Reduction of Nitrogen Oxide (NOX) in pounds
1,277
Equivalency of Vehicle Miles Dr...
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